Financial Markets (ECON 252) Real Estate is the biggest asset class and of great importance for both individuals and institutional investors. An array of economic and psychological factors impact real estate investment decisions and the public has changing ideas of real estate as a profitable investment. People’s demand to buy a home by taking on long-term debt, called a mortgage, is often tied with the overall health of the economy and financial markets. In recessions, home buying tends to … Read more...
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Japan’s Minister of Finance, Shoichi Nakagawa, has blamed a heavy dose of cold medicine for a slurred and baffling performance at the G7 meeting in Rome, where the helmsman of the worlds second biggest economy appeared to be incapably drunk. Mr Nakagawa claimed to have taken only a few sips of wine no more than a glassful ahead of the news conference, but he seemed too addled to state correctly the current level of Japanese interest rates. Upon his return to Japan today the Finance Minister … Read more...